Colgate-Palmolive stock rises on Q1 earnings beat
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Colgate-Palmolive stock rises on Q1 earnings beat
Colgate-Palmolive stock rises on Q1 earnings beat
Yahoo Finance Live’s Julie Hyman breaks down the rise in stock for Colgate-Palmolive.
Yahoo Finance Live’s Julie Hyman breaks down the rise in stock for Colgate-Palmolive.
ReutersColgate-Palmolive raises annual organic sales forecast on price hikes
The company's shares rose about 2% in premarket trading after it also beat first-quarter revenue and profit expectations. Like many consumer product makers, Colgate-Palmolive has been raising prices to battle higher raw material, packaging and labor costs resulting from pandemic-induced supply chain disruptions and the Russia-Ukraine crisis. The company now expects full-year organic sales growth of 4% to 6%, compared with its prior expectations of 3% to 5% range.
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